Unified Grocers, Los Angeles-based member-owned cooperative, said its sales momentum continued through the first half of 2014, although it posted a loss for its second fiscal quarter.

Bob Ling, president and CEO, said Unified was “extremely pleased” with second-quarter results, “especially the growth in sales.”


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“We saw continued improvement across all business units. The growth in our sales activity began in the second half of fiscal 2013, and the momentum we have established is a validation of our long-term strategy to turn around the business. I am very optimistic about the direction we are going.”

The loss for the 13-week quarter, which ended March 29, was $1.7 million, compared with a loss of $4.6 million a year ago — which the company attributed to the historical slowdown in business during the second quarter — while sales rose 1.9% to $893.6 million; for the half the company had net income of $1.1 million, compared with a loss of $4.7 million a year ago, with sales increasing 1.4% to $1.9 billion.

The sales gains occurred despite the shift of the Easter/Passover holiday to Unified’s third quarter, the company noted.

Gross billings, including vendor-direct arrangements, rose 3.9% to $919.3 million for the quarter and 3.3% to $1.9 billion for the half; while patronage dividends were flat for the quarter at $2.5 million and down 1.9% to $4.9 million for the half.

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